Re: What is the root cause of the rising cost of health care ?
- From: royls@xxxxxxxxx
- Date: Sun, 26 Aug 2007 02:07:58 GMT
On Sat, 25 Aug 2007 10:33:48 -0500, "Peter Olcott"
<NoSpam@xxxxxxxxxxxxx> wrote:
Why is the price of health care rising much faster than the
price of other goods and services?
Government-created and -enforced monopolies that shovel inconceivably
large quantitites of unearned wealth into the pockets of the rich.
What is the primary factor that has the most influence over
the price of any good or service?
(Demand relative to supply)
What happens to price when demand continues to grow faster
than supply?
(Price continues to rise at a rate corresponding to the
ratio of demand to supply)
The answers to all three of these questions are highly
related, and directly address the root cause of rising
health care costs.
Government prohibition of increases to supply. Right.
When government prevents producers from increasing the supply of
health care goods and services, and then tells patients they have to
pay the resulting inflated prices or die because that's how the free
market makes everyone richer, it doesn't take much of a nose to smell
the brimstone.
-- Roy L
.
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